On Air Now

Current Show

Mark Levin Show   6:00 PM - 9:00 PM

Call Mark now at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
61° Feels Like: 61°
Wind: WSW 12 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 42°

Tomorrow

Mostly Sunny 67°

Wed Night

Clear 46°

Alerts

Santander says Basel III core capital to be 12 percent at year-end

A man uses an ATM machine at a Santander bank branch in Madrid April 23, 2013. REUTERS/Susana Vera
A man uses an ATM machine at a Santander bank branch in Madrid April 23, 2013. REUTERS/Susana Vera

MADRID (Reuters) - Santander, the euro zone's biggest lender, on Thursday said its core capital under Basel III rules would reach 12 percent at the end of the year.

The bank, which posted a 25.9 percent drop in net profit from a year ago to 1.205 billion euros ($1.6 billion), also said it had already returned 31 billion euros of cheap European Central Bank loans, out of an estimated 35 billion euros it took.

(Reporting by Sarah White, editing by Julien Toyer)

Comments